Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
JASPER INVESTMENTS LIMITED
Securities
JASPER INVESTMENTS LIMITED - SG1W79939920 - FQ7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Jul-2018 17:53:32
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG180726OTHRIYTV
Submitted By (Co./ Ind. Name)
Ng Joo Khin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director who is the Chairman of the Nominating Committee, and Member of the Audit and Remuneration Committees.

Additional Details

Name Of Person
Phillip Jeffrey Saile
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
26/07/2018
Detailed Reason (s) for cessation
Mr Phillip Saile has decided not to seek for re-election at the Annual General Meeting on 26 July 2018 and accordingly retired as the Company's Independent Director, to devote more time and attention to his other work commitments.

Concurrently Mr Saile also relinquished his position as the Chairman of the Nominating and a member of the Audit and Remuneration Committees of the Company.

Other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Saile as the Independent Director of the Company.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
26/05/2010
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Nominating Committee, Member of the Audit and Remuneration Committees.
Role and responsibilities
Usual duties of an Independent Director, Chairman of the Nominating Committee, and member of the Audit and Remuneration Committees as covered in the terms of reference of the respective Committees.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
4,624,000 ordinary shares
Past (for the last 5 years)
Nil
Present
Nil